Digital Turbine (APPS) Receives “Buy” Rating from Roth Capital

Roth Capital restated their buy rating on shares of Digital Turbine (NASDAQ:APPS) in a report released on Monday morning.

A number of other research firms also recently commented on APPS. B. Riley reiterated a buy rating and issued a $1.40 target price on shares of Digital Turbine in a research note on Monday, August 14th. ValuEngine downgraded shares of Digital Turbine from a hold rating to a sell rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research downgraded shares of Digital Turbine from a hold rating to a sell rating in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $1.55.

Digital Turbine (APPS) opened at $1.60 on Monday. Digital Turbine has a one year low of $0.59 and a one year high of $1.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.78 and a current ratio of 0.78.

Digital Turbine (NASDAQ:APPS) last posted its quarterly earnings data on Tuesday, November 7th. The software maker reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.01. Digital Turbine had a negative net margin of 20.41% and a negative return on equity of 23.85%. The company had revenue of $27.90 million during the quarter, compared to the consensus estimate of $26.96 million. During the same period in the prior year, the business posted ($0.11) EPS. The company’s quarterly revenue was up 22.4% on a year-over-year basis. research analysts forecast that Digital Turbine will post -0.17 earnings per share for the current fiscal year.

In other news, CEO William Gordon Stone III bought 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average cost of $1.56 per share, for a total transaction of $78,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 4.80% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Unterberg Capital LLC lifted its position in Digital Turbine by 237.5% during the third quarter. Unterberg Capital LLC now owns 1,350,000 shares of the software maker’s stock worth $2,039,000 after acquiring an additional 950,000 shares during the last quarter. Essex Investment Management Co. LLC acquired a new stake in Digital Turbine during the third quarter worth approximately $665,000. EAM Investors LLC acquired a new stake in Digital Turbine during the third quarter worth approximately $465,000. Granahan Investment Management Inc. MA acquired a new stake in Digital Turbine during the third quarter worth approximately $350,000. Finally, White Pine Capital LLC lifted its position in Digital Turbine by 23.2% during the second quarter. White Pine Capital LLC now owns 725,375 shares of the software maker’s stock worth $747,000 after acquiring an additional 136,800 shares during the last quarter. Institutional investors and hedge funds own 20.98% of the company’s stock.

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Digital Turbine Company Profile

Digital Turbine, Inc is engaged in delivering end-to-end products and solutions for mobile operators, application advertisers, device original equipment manufacturers (OEMs) and other third parties to enable them to monetize mobile content. The Company operates its business in two operating segments: Advertising and Content.

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